Housing Loans Insurance Corporation (Transfer of Assets and Abolition) Act 1996
13Payments out of Insurance Account
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13 Payments out of Insurance Account
(1) Money is not to be paid out of the Insurance Account except in accordance with this section. (2) If the Commonwealth becomes liable to make a payment under a pre‑transfer contract during the management period, the amount may be paid out of the Insurance Account. (3) Interest from the investment of money standing to the credit of the Insurance Account is to be paid into the Insurance Account. (4) At the end of the management period, the Company must pay to the Commonwealth all money standing to the credit of the Insurance Account.